“Pakistan’s year-on-year inflation hit its highest-ever level of 36.42 percent in April, after the government introduced new taxes and raised fuel prices to try to meet International Monetary Fund (IMF) conditions for a crucial bailout.”
Analyst Comment: Pakistan is far from alone. There is many nations in Africa, the Middle East, South America and Asia that are in serious economic trouble. Global food prices have been trending down offering some relief, but unrest is growing. We expect to see more mass protests across many of these troubled economies in 2023. Coup and revolution attempts are also likely as many nations become more unstable.